Higher close on upbeat earnings

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Despite an unexpected increase in jobless claims, the markets closed higher with Dow rising 20 points to 18,058 on upbeat corporate earnings. Nasdaq gained 20 points to 5,056.

On the upside

First quarter earnings plunged for Altisource Portfolio Solutions (Nasdaq: ASPS) but the results were better than expected.

Scynexis (Nasdaq: SCYX) priced its public offering of more than 4.6 million common shares at yesterday's closing price of $7.70 per share.

Sphere 3D (Nasdaq: ANY) will showcase its visualization and data management solutions in collaboration with Microsoft (Nasdaq: MSFT) at Microsoft Technology Center locations.

On the downside

Cinedigm (Nasdaq: CIDM) announced a private placement of $60 million in convertible senior notes.

Inventure Foods (Nasdaq: SNAK) voluntarily recalled certain varieties of its Fresh Frozen frozen vegetables and selected varieties of its Jamba "At Home" line of smoothie kits.

Marinemax (NYSE: HZO) swung to a profit for the second quarter but the results fell far short of analyst expectations.
 
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added 4 points to 2112. Bitcoin added $1 to $233.

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This page contains a single entry by published on April 23, 2015 1:59 PM.

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